FX.co ★ VinFast EV Deliveries Increase In Q3

VinFast Auto Ltd. (VFS) announced on Tuesday that the company delivered 21,912 electric vehicles in the third quarter, marking an increase of 115 percent compared to the same period last year. Despite this significant growth in deliveries, the company reported a loss of VND 13.3 million, approximately $550 million, in the third quarter. This loss reflects a 14.8 percent decrease from the previous year. Meanwhile, revenue experienced a rise of 49.3 percent, reaching VND 12.3 million, which is equivalent to $11.6 million for the quarter. Currently, VinFast's stock is trading at $3.97 on the Nasdaq, an increase of 1.14 percent.